"It’s clear that Old Navy’s business model and customers have increasingly diverged from our specialty brands over time."
An extensive study counterintuitively reveals that a majority of divestitures are accompanied by lagging stock performance for the divesting firm.
The speech-recognition specialist is focusing on its “core growth opportunities” in the healthcare and enterprise segments.
Tarek Robbiati — " a visionary leader and a pragmatic business operator" — replaces Tim Stonesifer at the HP spinoff company.
The decision to spin off Wrangler and Lee into a separate company reflects VF's strategy of focusing on active-lifestyle brands such as The North Face.
From higher profits to enhanced TSR to tax benefits, a spinoff can generate great value for both the existing and spun-off companies.
“Now is the right time to consolidate our autonomous driving platform into one team to best position the business for the opportunities ahead."
The rating agency puts GE on watch for a possible downgrade, saying the healthcare spinoff could result in “more volatile profitability and cash flow.”
The deal is the latest shakeup in the auto parts business, with Tenneco planning to split into two companies after it is completed.
The spun-off materials science company had to build out most functions from scratch but has seen surprising early business results.
The sweetened $26.4 billion takeover offer could increase the pressure on Akzo Nobel to open talks with PPG after rejecting two earlier proposals.
“The close of this transaction leaves HPE with a crystal clear mission, tied directly to the solutions our customers and partners tell us they want most."
